News 

Starbucks fans are revolting online after the coffee chain announced that its Gingerbread Lattes are off the menu this holiday season

“Starbucks unveiled its new US holiday menu on Wednesday, and almost instantly it provoked a backlash online” writes Finanzen Net Gmbh for businessinsider.com. The new menu, which did include its longstanding holiday beverage, the Peppermint Mocha, noticeably did not include another well-known holiday-themed beverage, the Gingerbread Latte.Starbucks responded to angry fans on Twitter confirming reports that the beverage had been taken off the holiday menu and offered up alternative suggestions to placate these customers. Source: businessinsider.com

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The Great Soda Tax Experiment

“In the face of industry opposition, the California legislature in April shelved discussions of a bill that would impose a statewide beverage tax” writes Greg Miller for knowablemagazine.org. At the same time, there are also reasons why soda taxes might not have the impact on public health that advocates hope for.Public health researchers and economists bored into these data and more at a 2015 meeting convened by the World Health Organization to review soda tax research and make recommendations.With additional nudges from soda taxes and other policies, advocates say, that…

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Crypto News 

Former Iced Tea-Turned-Blockchain Company Sells Beverage Subsidiary

“Long Blockchain Corp., previously named Long Island Iced Tea, has reached a definitive agreement to sell its beverage subsidiary, Long Island Brand Beverages” writes Muhammad Syaiful Anam for cointelegraph.com. In a Sept. 20 press release, Long Blockchain announced the sale of its beverage subsidiary to Canadian firm ECC2 Ventures.The FBI was seeking to expand a warrant from a different case in order to gain access to communications for their investigation into the former iced tea company.In July, Cointelegraph reported that the United States Federal Bureau of Investigation (FBI) is looking…

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‘Yanxi Palace’ actor reveals that drinking bubble tea everyday has made his face sag. But how?

“Malaysian-Singaporean actor Lawrence Wong recently revealed that drinking bubble tea has made his face sag” writes Sukhbir Cheema for mashable.com. It’s my motivation for the day!” The actor also stripped his bubble tea to become calorie-free by removing sugar and drinking milk tea made with fresh milk.The answer is in salads. “If I know I’m going to have bubble tea later, I’ll eat a salad for lunch. Source: mashable.com

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LaCroix CEO Blames ‘Injustice’ For Slumping Sales, Compares Seltzer Brand To The ‘Handicapped’

“Managing a brand is not so different from caring for someone who becomes handicapped” reports vice.com. And after all that, the Guggenheim investment firm has suggested that anyone who owns shares should just go ahead and sell them.According to CNBC, during the quarter that ended on January 26, National Beverage’s profit fell 39.6 percent and its revenue was down by 2.9 percent. (And that affects Caporella more than anyone: the Wall Street Journal says that he owns 73.5 percent of the company’s shares).Brands do not see or hear, so they…

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LaCroix maker’s CEO blames poor performance on ‘injustice’ in truly bizarre statement

“According to a statement (strangely titled “‘We Just Love Our LaCroix’ Consumers Chant”) released on Thursday, National Beverage Corp. profits dropped by more than 39 percent in the last quarter” writes Source Lacroix for cnbc.com. Caporella’s response to LaCroix’s poor performance was that it wasn’t due to “mismanagement” or “woeful acts of God.”.  Source: cnbc.com

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Crypto News 

Former Iced Tea-Turned-Bitcoin Mining Firm Sells Beverage Business

“Long Blockchain, previously named Long Island Iced Tea, has reached an agreement to sell its ready-to-drink tea business to Canadian firm ECC2 Ventures” writes Adrian Zmudzinski for cointelegraph.com. The former iced tea company is being sold for a combination of cash and shares, and ECC2 is seeking to raise $2 million to close the deal.In August 2018, the company announced that it had again changed its line of business — the initial iced tea business to cryptocurrency — and was going to also focus on loyalty schemes that also leveraged…

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Coca-Cola is leading a $15 million funding round in the trendy direct-to-consumer beverage startup behind Dirty Lemon

“The trendy direct-to-consumer beverage startup behind Dirty Lemon has raised a $15 million round of seed funding, with Coca-Cola leading the round with a multimillion-dollar investment” writes Kate Taylor for businessinsider.com. However, he now says that Iris Nova can create beverage concepts from ideation to production in 30 days. Source: businessinsider.com

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Quiet Casualty of Sri Lanka’s Political Crisis: A Sugar Tax

“Rajapaksa lacks parliamentary support, he can still legally tweak some tax rules outside the normal parliamentary process, EconomyNext reported” reports nytimes.com. Wijesuriya said the decision to reduce the sweetened beverage tax had been made without consulting the country’s medical community.Mahen Wijesuriya, an expert on diabetes and the executive director of the Non Communicable Diseases Alliance Lanka, a nonprofit group in the city of Rajagiriya, said of the revised beverage tax. Source: nytimes.com

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Voters approve I-1634, banning local soda and food taxes in Washington state

“Seattle’s sweetened beverage tax remains in effect, but other local governments can no longer tax food, beverages or ingredients” writes Seattle Times Business for seattletimes.com. I-1634 does not repeal Seattle’s 1.75-cent-per-ounce sweetened beverage tax, but it does prevent the tax from increasing.Washington cities, towns and counties are prohibited from passing new taxes on food, beverages and ingredients with the passage of Initiative 1634. Source: seattletimes.com

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